Market Report Reflects Sharp September Losses on Wall Street
New York stocks slid about 4.9 billion dollars in a September rout, led by Chrysler U S Steel and Allied Chemical with only partial recoveries late. The market fell on profit taking after a broad advance, with notable declines in rails and major industrials as investors rotated to secure gains. Cotton futures in New Orleans rose to season highs amid speculative buying, while the American Legion in San Francisco marked a shifting wartime generation and concerns for postwar economic and social issues.
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Med
Sole owner claims long-submerged raft lumber find
Attorney General Guy Williams told Merbert J. White that he owns several thousand feet of logs found in the Saline River lead. White says the lumber price could fund raising and processing the raft sunk 50 or more years ago amid California and Arkansas gold rush tales.
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